"Bullet points include: ""EU institution replacing existing level 3 Committees. Regulation: technical rule-making. Drafting of detailed technical rules. Advice to Commission on Directive texts. Non-binding guidance to Member States and industry on best practice implementation. Supervision: Oversight of national supervisors. Oversight of European colleges of supervisors. Peer reviews of supervisory approaches: best practice guidance on ""comply or explain"" basis. International and macro-prudential. European representation alongside Member States on international bodies. Role in European macro-prudential analysis, alongside ECSB"""